UCL-Energy professor co-signs letter on risks of high carbon investments

23 January 2012

Professor Paul Ekins, Director of Energy and Environment Policy at the UCL Energy Institute was last week among the signatories on an open letter about the risks of high carbon investments to the governor of the Bank of England.

The letter to Sir Mervyn King, signed by a group of over twenty politicians, scientists and investors, urged the Financial Policy Committee of which Sir King chairs, to investigate how the UK’s exposure to high carbon investments might pose a systemic risk to the financial system and what the options might be for managing this potential threat to the UK’s economic security.